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04 December, 2020 |
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Money Management Original | Are advisers turning to small licensees? | This week saw the arrival of six new licensees which commenced operations with at least one new adviser, while AMP-aligned groups continued to suffer losses in adviser roles, according to HFS Consulting. |
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Industry News | Professional advice needs to be client centric | Financial advice misconduct has often been met with overlapping and conflicting requirements creating a reactionary regulatory framework and this is the camel that people are not riding, CPA Australia’s Dr Jane Rennie writes. |
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Sponsored Content | A green recovery: the post-pandemic opportunity | AXA Investment Managers’ Michelle Lacey discusses the ‘green lining’ of COVID-19 and why the growth in responsible investing creates a post-pandemic opportunity for advisers and investors. |
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Money Management Original | Cash now a ‘dead’ asset | Investors will have to take on more risk in their defensive asset classes as the RBA cash rate will be too low for the next few years, according to Fidelity. |
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Industry News | Sustainable investments to double to 37% of AUM | Investors are planning to double sustainable product allocations over the next five years and 88% have placed climate-related risks at the top of their portfolio concerns, according to a survey. |
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Industry News | IML backs Telstra | The fund manager has increased its investment in Telstra, as it expects the telecom to see growth in earnings. |
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Industry News | ASIC consults on consumer remediation | The corporate regulator’s consultation aims to help firms identify issues that can lead to remediations earlier and to have arrangements and systems in place to return money to affected consumers as fast and as fairly as possible. |
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Industry News | Westpac enters court enforceable undertaking | The court enforceable undertaking for its risk governance deficiencies indicates the severity of the bank’s lack of ability to remediate its weaknesses, according to the Australian Prudential Regulation Authority. |
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Outsiders |
Money Management Original | From the folks who brought you Viagra – a vaccine | Outsider regrets to say that his extensive portfolio of investments does not include pharmaceutical giant Pfizer which at the time of writing has announced that with its German partner, BioNTech has come up with a COVID-19 vaccine which appears to be 90% effective. |
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Money Management Original | Graceful or not. Who exited fastest in 2020? | As this is the last print edition of Money Management for 2020 but Christmas is still some weeks off, Outsider thought he would start a new tradition – The Rapid Exit Award – and it turns out that 2020 has a few candidates vying for the laurels. |
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Money Management Original | Sleepy Joe Awakens | Outsider has previously mused over Donald Trump’s messaging cutting through in Australia, with the “Sleepy Joe” moniker catching on with the delegates at the Association of Financial Advisers annual conference last month. |
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